Oil and Gas Losses and Burning of Natural Gas Sample Clauses

Oil and Gas Losses and Burning of Natural Gas. 17.12. Oil and Gas losses occurred under the responsibility of the Contractor, as well as burning of Natural Gas in flares, shall be deducted from the share of the Profit Oil to which the Contractor is entitled after the Production Sharing.
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Oil and Gas Losses and Burning of Natural Gas. The losses of Oil or Gas occurred under the responsibility of the Concessionaire, as well as burning of Gas in flares, shall be included in the Total Production Volume to be calculated for purposes of payment of the Government and Third-Party Shares, without prejudice to the provisions in Section Twenty-Nine and Section Thirty. Burning of Gas in flares shall be allowed only for reasons of safety, emergency, and commissioning, and shall be restricted to volumes previously and formally approved by ANP, pursuant to the Best Practices of the Oil Industry and the Applicable Laws and Regulations, except, in any case, for the provisions in article 47, paragraph 3, of Law No. 9,478/1997. SECTION THIRTEEN – INDIVIDUALIZATION OF PRODUCTION Production Individualization Agreement The procedure of Individualization of Production of Oil and Gas shall be started under the Applicable Laws and Regulations if it is identified that a Deposit extends beyond the Concession Area. The Agreement and the Commitment for individualization of production shall be prepared under the Applicable Laws and Regulations.
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Oil and Gas Losses and Burning of Natural Gas. 12.9. The losses of Oil or Gas occurred under the responsibility of the Concessionaire, as well as burning of Gas in flares, shall be included in the Total Production Volume to be calculated for purposes of payment of the Government and Third-Party Shares, without prejudice to the provisions in Section Twenty-Nine and Section Thirty.
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Oil and Gas Losses and Burning of Natural Gas. 13.13. Oil and Gas losses under the responsibility of the Contracted Party, as well as burning of Natural Gas in flares, shall be deducted from the share of the Profit Oil to which the Contracted Party is entitled after the Production Sharing.
Sample 1Sample 2
Oil and Gas Losses and Burning of Natural Gas. The losses of Oil or Gas occurred under the responsibility of the Concessionaire, as well as burning of Natural Gas in flares, shall be included in the Total Production Volume to be calculated for purposes of payment of the Government and Third-Party Shares, without prejudice to the provisions in Section Twenty-Five and Section Twenty-Six. Burning of Gas in flares shall be allowed only for reasons of safety, emergency, and commissioning, and shall be restricted to volumes previously and formally approved by ANP, pursuant to the Best Practices of the Oil Industry and the Applicable Laws and Regulations, except, in any case, for the provisions in article 47, paragraph 3, of Law No. 9,478/1997.
Sample 1Sample 2
Oil and Gas Losses and Burning of Natural Gas. Losses of Oil or Natural Gas occurring under the responsibility of the Contracted Parties, as well as the burning of Natural Gas in flares, will be deducted from the portion of the Oil Surplus that falls to the Contracted Parties after Production Sharing. The burning of Natural Gas in flares will only be allowed for safety, emergency and commissioning reasons, with the maximum volume specified in the Applicable Legislation.
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Related to Oil and Gas Losses and Burning of Natural Gas

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